Somewhat Negative News Coverage Somewhat Unlikely to Impact Rio Tinto PLC (NYSE:RIO) Share Price

News headlines about Rio Tinto PLC (NYSE:RIO) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rio Tinto PLC earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 42.0950539270215 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern’s rankings:

Several equities research analysts recently weighed in on RIO shares. Royal Bank of Canada downgraded Rio Tinto PLC from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $47.87 to $48.37 in a report on Monday, October 23rd. Zacks Investment Research raised Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine lowered Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. lowered Rio Tinto PLC from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC set a $55.00 price objective on Rio Tinto PLC and gave the stock a “buy” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.07.

Rio Tinto PLC (NYSE RIO) traded up $0.39 during trading on Friday, hitting $49.51. 1,695,500 shares of the stock traded hands, compared to its average volume of 3,339,037. Rio Tinto PLC has a 52-week low of $36.25 and a 52-week high of $50.77. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31.

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About Rio Tinto PLC

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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